Childwall, Liverpool HMO Houses
Childwall
Location8.74%
Net YieldYes
Tenanted
HMO Houses Childwall, Liverpool
Fresh Invest is delighted to release two stunning high spec, fully furnished and tenanted HMO Houses located in Liverpool..
- 1 x 10 Bed and 1 x 7 Bed HMO House
- Fully Tenanted
- Annual NET Yield of 8.74%
- Full Furniture Pack Included
- Superb Commuter Location
- Opportunity to Invest in a “Northern Powerhouse”
- Priced at just £990,000
More Information
THE LOCATION
The properties are close to the start of the M62 motorway giving easy access to Manchester & Warrington & are 10 minutes from Liverpool city centre & Liverpool airport.
The properties are also within walking distance of Broadgreen & Alder Hey Hospital.
The properties have full HMO licences and full planning permission from Liverpool City Planning.
The properties were also granted full planning consent in 2008 for conversion into 12 apartments.
The planning permission was for 7 x 2 bedroom apartments and 5 x 1 bedroom apartments. This expired in 2012 but could easily be reinstated subject to a fresh application.
THE PROPERTIES
Both houses were completely refurbished in 2009/2010 to a very high standard including brand new central heating, re-plastered, new double/ triple glazing, new electrics and new plumbing.
There is a block paved car park to the rear with 17 car spaces. There is a picnic area with seating & secure cycle storage. There is also extensive block paving & landscaping to the front of the properties.
Both properties are furnished to a “Boutique Hotel standard” and top quality furnishings, fixtures and fittings are included.
Total Square Footage of Each Property is 3500sq ft for 10 bed and 2500sqft for 7 bed.
THE FINANCIALS
- Purchase price – £990,000
- Weighted Average Monthly Rent/Room – £541 pcm
- Average Monthly Rent – 9,203 pcm
- Gross Rent Per Year – £113,448 pa
- Annual Costs – £26,862 pa
- Net Rental Return – £86,586
- Net Rental Yield – 8.74% pa
Mortgage Option*
- Mortgage (75% LTV) – £742,500
- Deposit – £247,500
- *Mortgage cost (4.25%) – £31,556 pa
- Net Rental Return – £86,586
- Net Income after Mortgage – £55,030
- Net Return on Capital Invested – 22.23%
*Please note We are not mortgage brokers and can offer no advice on the best mortgage for you. The above example is calculated using an HTB 2 year fixed rate HMO mortgage at 4.25% interest only and is for illustrative purposes only.